BubblyBurrito

Why is PayTM hitting the 5% upper circuit for the last three days?

Has there been any good news about the company or is it just the operator playing their game with gullible retail investors?

10mo ago

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BubblyHamster

Stealth10mo

I bought the next day the ban was imposed by rbi. Bullish on Vijay because of his persistence and smartness

CosmicPotato

Nielsen IQ10mo

I am too, use only Paytm for payments, tickets, etc. But, their super app ambition was based on trust moat, which they lost here. So not sure about the future

BubblyHamster

Stealth10mo

I'm pretty sure they learned the lesson the rbi wanted to teach them. I am very bullish

TwirlyLlama

Stealth10mo

Tie up with Axis Bank is one of the factors

SillyMochi

Stealth10mo

TwirlyWalrus

Stealth10mo

Initial correction was much higher due to uncertainty, but now that they have tied up with Axis bank for QR scan machines and have time till March 15th. So, going up that the current market cap is 24k crores, really less for their business, and they have cash equivalent of 8 to 9k crores. The only thing to understand is how the fasttag and wallet business affect their margin and lending business. But they seriously have to cut down their costs, and management need to improve.

WigglyPenguin

Stealth10mo

Sentiment

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Curated from across

Indian Startups11mo

by SleepyPickleStealth

Paytm stock stuck on lower circuit

As expected paytm stock got stuck on lower circuit (maximum downward move allowed in a day). Insanely large selling volumes with zero buy orders.

News Discussion11mo

by SquishyWaffleStealth

PayTM, 31st Jan

Can someone explain what just happened to PayTM and if other FinTechs could be subject to something similar?

Misc4mo

by DancingDonutAccenture

What's happening with PayTM seems very suspicious

The show cause notice now about misrepresentation of facts. Not sure if they really made so many mistakes, or are being stopped from becoming something for other reasons.

1.8K

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